The funding will support the roll-out of mini-grids powered by clean and affordable energy sources across the West-African country, where 90 million people have no access to electricity.
The commitment will allow Planting Naturals to grow its operations and boost incomes and livelihoods for its growing network of farmers in the West-Africa country.
The Japanese development bank joins founding partner KfW as an investor in the fund, which provides loans to SMEs exporting from emerging Asia and Africa.
The UK and Dutch governments, alongside IDB Invest, have contributed to the Responsible Commodities Facility, which will provide $60m in loans to soy farmers committed conserving their forest reserves in the Brazilian Cerrado.
The harvesting robots designed by 4AG Robotics can help alleviate labour shortages in the mushroom sector, Cibus Capital’s investment director tells Impact Investor.
The fund will use the money to mobilise investment for strategic infrastructure in South and Southeast Asia, which houses more than 25% of the world’s population.
The Emerging Africa & Asia Infrastructure Fund, International Finance Corporation, British International Investment, DEG, and Proparco have committed $160m in an anchor investment to the $600m Axian Telecom bond issuance.
Proceeds from the latest bond in the series will provide financial support for high-impact enterprises owned and operated by women, as well as disadvantaged communities in India, Indonesia, the Philippines and Sri Lanka.
To date, the African Local Currency Bond Fund has invested $420m in African companies in sectors ranging from financial inclusion to renewable energy and affordable housing.
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